India · Delayed Price · Currency is INR V2 Retail Earnings Call Transcripts
Fiscal Year 2026
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Q4 and FY 2026 saw over 60% revenue growth, robust store expansion, and record profitability. Guidance remains strong with 50% revenue growth targeted for the next two years, 8%-10% SSSG, and stable margins, despite inventory and geopolitical challenges.
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Q3 FY26 saw 57% revenue growth and 99% PAT growth year-on-year, with strong expansion and robust store performance. Guidance remains for 8%-10% SSSG and 150 new stores next year, supported by disciplined capital allocation and improved ROE.
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Q2 FY26 saw 86% revenue growth, robust profitability, and aggressive store expansion, with strong SSSG and improving margins. Expansion into new geographies and a focus on operational efficiency and inventory management underpin a positive outlook, with ROE above 20% and continued investment in growth.
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Q1 FY26 delivered 52% revenue and 51% net profit growth YoY, with strong store expansion and improved margins. The company targets 50% revenue growth for FY26, plans a QIP to fund further expansion, and aims for 8-10% EBITDA margin, while maintaining robust SSSG and operational efficiency.
Fiscal Year 2025
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FY25 saw record revenue and profit growth, with strong SSSG and margin expansion. The company plans to open 100 stores annually, targeting 45%-50% revenue growth and 8%-9% EBITDA margin, funded by internal accruals. Execution remains the key risk.
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Record revenue and PAT achieved for the nine months, with strong SSG and volume growth. Expansion continues with 100 new stores planned next year, funded internally, and a focus on product development and operational efficiency. Margins and return ratios are set to improve, with industry-leading performance sustained.
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Record H1 FY25 sales and PAT growth were driven by strong SSSG, rapid store expansion, and operational efficiency. Guidance includes 40 new stores in H2, 15%-20% SSSG, and INR 120 crore EBITDA for FY25, with expansion funded by internal accruals.
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Q1 FY25 saw record sales, 162% PAT growth, and 37% same-store sales growth. Expansion continues with 40-50 new stores planned, focus on private labels, and robust financial metrics. Guidance remains strong with 30%-40% revenue growth and 4.5% PAT margin for FY25.